Asked by: Shyam Anduti
asked in category: General Last Updated: 10th April, 2020

What is a premium for renters insurance?

A premium is the regular cost you pay to keep an insurance policy active. Depending on the renters insurance policy you purchased and how you prefer to pay for it, you can pay your premium monthly, semi-monthly, or annually.

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Keeping this in consideration, how much does renters insurance normally cost?

The average renters insurance policy costs between $120 and $190 a year. These basic policies generally offer $25,000 personal property coverage, $100,000 liability protection, and a $500 deductible, though those numbers are just ballpark figures and your particular insurance company's basic coverage may be different.

Likewise, how much is renters insurance through progressive? For 2017, the average cost of an ASI Renters insurance policy from Progressive ranges from $13-$25 per month. Renters insurance is fairly inexpensive. Plus, you can get extra discounts when you bundle it with your auto insurance.

Similarly, you may ask, which is the best renters insurance?

Best Renters Insurance: Summed Up

Renters Insurance Best For…
1 Allstate Online Tools
2 Nationwide Extended Coverages
3 Liberty Mutual Discounts
4 American Family Competitive Rates

How much is renters insurance in Hawaii?

The national average price of renters insurance is just fifteen dollars a month. While the cost of living in Hawaii is high, the cost of renters insurance is now. Replacing everything you own after a fire or a storm is expensive.

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